Amazon arbitrage is growing in popularity, and for good reason. People are making thousands of dollars each month by reselling products on Amazon that they purchased either on an online retail site or at a physical store.
Of course, it takes some business know-how and a bit of research into the world of arbitrage to really start raking in the big bucks, but it's totally possible. In the coming years, we can expect to see more individuals taking advantage of FBA, so now might be the time to hop on this trend.
What Makes Amazon Arbitrage So Great?
Let's back up for a second and look at what makes this whole endeavor so great anyway. First of all, it's something that most people start out doing in their spare time. You can continue working your nine-to-five job while making some extra cash on the side, and who wouldn't want that? Furthermore, it doesn't take a genius to figure it out, so even if you're not great with math or numbers, you just need to be observant to start earning money.
The Foundation Is Pretty Simple
As for getting started with Amazon arbitrage, familiarizing yourself with the basics is relatively easy. Recognize that this is a fairly straightforward process. First of all, you can take an item you already have, or buy a product off of Amazon, eBay, or another retail store, online or in store.
You can then send that item to Amazon's fulfillment center, where they will list it to sell. Once the product gets a buyer, Amazon ships it for you thanks to their FBA service, and you make a profit.
So, how are people making money with this process? Consider that you're shopping at Walmart or any other retailer, really. You spot a great sale on an item and notice that it's 50, 60, 75% off.
You can load up on that item and then sell it on Amazon for its full price. Once someone buys it, you will make a profit with very little effort. Clearly, there aren't any entrepreneurial skills required to do that.
The Growing Face of Amazon Arbitrage and FBA
These days, online shopping is becoming the norm, and therefore, people are picking up on the idea of Amazon arbitrage.
They don't have to deal with the same customer service pressures of traditional businesses, nor do they need to worry about providing just the right products because Amazon is a retailer that sells just about everything. Yes, more experienced sellers will try to keep their offerings in a consistent niche, but it's not totally necessary.
When you're just starting out, it's all about easing into it and focusing on a few great products to begin with. To make things even easier, product research solutions such as this app can help save time when sourcing products to sell on Amazon. You don't need to be a jack of all trades, but if you consistently offer consumers good quality products, they will be willing to come back for more.
Sellers also take advantage of Amazon Prime's user benefits because Prime users are more likely to become repeat customers and purchase more. As Amazon arbitrage becomes more popular, you should think about getting started yourself!
Personally, I am over the top excited that we are on the cusp of turning the page on not only a new year but also on a new 10-year window of opportunities and possibilities!
You may be thinking, whoa…I am just embracing the fall season…yikes… it is tough to think about a new decade!
Yet it is this groundwork, this forward thought that you put in place TODAY that will propel you and lead you into greatness in 2020 and beyond. Designing a new decade rests in your ability to vision, in your willingness to be curious, in your awareness of where you are now and what you most want to curate. Essentially, curating what's next is about tapping into today with confidence, conviction, and decision. Leading YOU starts now. This is your new next. It is your choice.
Sometimes to get to that 'next', you need to take a step back to reflect. Please pardon my asking you to spend time in yesterday. Those who know me personally, know that I created and continue to grow my business based on enabling the present moment as a springboard for living your legacy. So, indulge me here! True, I am asking you to peek into the past, yet it is only in order for you to bring the essence of that past forward into this moment called NOW.
One of the best ways to tap into what's next is to clarify what drives you. To design a new decade, ask yourself this question about the past ten years:
What worked? What were my successes?
Make a list of your achievements big and small. Don't type them, but rather use ink and paper and sit with and savor them. Move your thoughts and your successes from your head, to your heart, to your pen, to the paper. Remember that on the flip side of goals not attained and New Year's resolutions abandoned, there was more than likely some traction and action that moved you forward, even if the end result was not what you expected. Once you have a full list of a decade's worth of personal and professional accomplishments, think about how this makes you feel. Do you remember celebrating all of them? My guess is no. So, celebrate them now. Give them new life by validating them. Circle the successes that resonate with you most right now. Where can you lean into those accomplishments as you power into the decade ahead?
Now comes a tougher question, one that I used myself in my own mid-life reinvention and a question I adore because in a moment's time it provides you with a quick reconnect to your unique inner voice.
If it were 10 years ago and nothing were standing in your way, no fear or excuses to contend with…what would you do?
Don't overthink it. The brilliance of this question is that it refocuses purpose. Whatever first came to mind when you answered this for yourself is at its core a powerful insight into defining and redefining the FUTURE decade. Bring your answer into the light of today and what small piece of it is actionable NOW? Where is this resonating and aligning with a 2019 version of yourself?
Then, based on your success list and your answer to the above question, what is your 2020 vision for your business and for the business of YOU?
Designing a new decade begins as a collection of 3,650 opportunities. 3,650 blank slates of new days ahead in which to pivot and propel yourself forward. Every single one of those days is a window into your legacy. An invitation to be, create, explore, and chip away at this thing we call life. One 24-hour segment at a time.
While you have a decade ahead to work on design improvements, you have the ability to begin manifesting this project of YOU Version 2020 right NOW. Based on exploring the exercises in this post, begin executing your vision. Ask questions. Be present. Let go of 2019 and the past 10 years so that you can embrace the next 10. Position acceptance and self-trust at the forefront of how you lead you. One choice at a time.
Don't get bogged down in the concept of the next 10 years. Instead position clarity and intention into each new day, starting today. Then chase every one of those intentions with an in-the-moment commitment and solution toward living a legendary life!